Announcement from the 2022 Annual General Meeting of Flowscape Technology AB (publ)

Today, June 1, the Annual General Meeting of Flowscape Technology AB (publ) was held. The following main decisions were taken by the required majority.

Approval of income statements, balance sheets, disposition regarding the company's unrestricted equity
The Annual General Meeting decided to approve the balance sheet, income statement, consolidated balance sheet and consolidated income statement. The Annual General Meeting decided to dispose of unrestricted equity in a new account.

Discharge of liability for the members of the Board of Directors and the CEO
The Annual General Meeting decided to grant the members of the Board of Directors and the CEO discharge from liability for the financial year 2021.

Determination of the number of board members, deputy board members, auditors and determination of fees for the board and auditors
The Annual General Meeting decided in accordance with the Nomination Committee's proposal that the Board shall consist of five (5) Board members without deputy Board members, and to appoint one (1) registered auditing company without a deputy.

The Annual General Meeting further decided in accordance with the Nomination Committee's proposal that board fees shall be paid in the amount of SEK 120,000 to the Chairman of the Board and in the amount of SEK 60,000 each to other Board members who are not employed within the Flowscape Group.

Election of board and auditor
The Annual General Meeting decided, in accordance with the Nomination Committee's proposal, to re-elect the Board members Peter Reigo and Henrik Tjernberg and to elect Per Adolfsson, Christian Söderlind and Viktor Heide as new members. Henrik Tjernberg was re-elected as Chairman of the Board.

The Annual General Meeting further decided in accordance with the Nomination Committee's proposal to re-elect Öhrlings PricewaterhouseCoopers AB as the company's auditor. Öhrlings PricewaterhouseCoopers AB has announced that the authorized public accountant Henrik Boman will continue to be the principal auditor.

Authorization for the Board to decide on a new issue of shares
The Annual General Meeting decided, in accordance with the Board's proposal, to authorize the Board to decide on a new issue of shares in a number that does not exceed 10 percent of the total number of outstanding shares at the time the authorization is exercised for the first time.

Amendment of the Articles of Association
The Annual General Meeting decided to adopt the proposed amendment to the Articles of Association and thereby change the limits for the company's share capital and number of shares.

Aggregation of shares
The Annual General Meeting decided to merge the Company's shares, whereby one hundred (100) shares are merged into one (1) share. After the merger, the number of shares amounts to 19,591,129.

Reduction of share capital
The Annual General Meeting decided that the share capital shall be reduced by SEK 44,080,041,625 (the reduction amount). After the reduction, the share capital amounts to SEK 4,897,782.25, divided into 19,591,129 shares, each share with a quota value of SEK 0.25.

Warrant program for key persons and the board
The Annual General Meeting decided, in accordance with the proposal of the Board of Directors and shareholders, to establish an incentive program in the form of a warrant program, comprising certain senior executives, key personnel and board members. The program may include a maximum of 301,010 warrants, calculated after the aggregation of shares.

For more detailed information on the content of the resolutions, please refer to the complete notice of the Annual General Meeting and the complete proposals on the company's website www.flowscapesolutions.com.

For additional information, please contact: 

Peter Reigo
CEO, Flowscape
Cellphone: +46 (0) 70 942 4687
E-mail: peter.reigo@flowscapesolutions.com

About Flowscape Technology AB

Flowscape is a Prop-Tech company with a world-leading solution for social distancing in the office, optimization of office space and a more efficient workday. The solution uses the latest IoT sensors and indoor positioning technology to create a state of the art SaaS solution for smart offices. The main function, Flowmap, gives companies an overview of the office and enables them to quickly find rooms, desks, office equipment and colleagues as well as analysis of the use of the spaces. Flowscape also has a communication tool for efficient geo fence specific communication to people in a building or people within an area in the event of a crisis. Flowscape has offices in Stockholm (headquarters), Sofia, San Francisco and London.

For more information, please visit  www.flowscapesolutions.com